Kiser Group Brokers Edgewater Multifamily Deal

Kiser Group Brokers Edgewater Multifamily Deal
News| May 28, 2025| Jasmine Kilman

Kiser Group has closed a $5.7 million multifamily transaction in Chicago’s Edgewater neighborhood, led by Advisors Jacob Price and Katie LeGrand.

The 100% occupied property features a unit mix of one-, two-, and three-bedroom apartments. A former condo deconversion, the building presented a rare opportunity for value-add investors. The buyer was drawn to the property for its strategic proximity to their existing portfolio, nearby Loyola University, and public transportation access.

“This asset checked all the boxes for today’s North Side investors: location, layout, and long-term upside,” said Jacob Price. “With over 30 tours and 10 offers, the demand spoke for itself.” Despite historically low inventory across Chicago’s North Side neighborhoods, Edgewater continues to see strong demand from investors targeting stable, well-located multifamily assets with value-add potential.

“The amount of activity we saw shows that the market is still very active when the right opportunity comes along,” added Katie LeGrand.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!

Other News

Atlas Capital Snags Hell’s Kitchen Apartments for Reported $150M

New York & Tri-State + Apartment Buildings

Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit. The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet...

Learn more

EYA Advances Two Residential Developments in Fairfax County

Washington DC + Apartment Buildings

EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...

Learn more

Timberline Partners Spends $83M on WA Multifamily Community

Seattle & Northwest + Apartment Buildings

Timberlane Partners purchased Canopy Apartments, a 336-unit garden-style apartment community located at 923 112th St. SW in Everett, WA, for $82.75M, or $246,279 per unit. The acquisition was made in partnership with NY-based EOS Residential Investors. Canopy is the sixth acquisition through Timberlane Acquisition Fund II (TAF II) and follows the firm’s $37M acquisition of...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up